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View Full Version : Calculating Retained Earnings


Tammijones
Sep 24, 2008, 09:10 AM
Sandra's Cookies Company engaged in these transactions:
-The business acquired an additional $500 cash from the issue of common stock
- The company REpaid $1,300 of its debit to the bank
- Revenues amounted ti $4,500
-Expenses were $2,750
-Dividends Amounted to $740

The amount of retained earnings is?
a. 1,210
b. 2,900
c. 9,900
d. 1,000

And what would the liabilities add up to?

AdamUTsel
Sep 24, 2008, 09:46 AM
I think you may be missing some information from the question such as opening period balances in your posting.